KENVIN RENKO ULTIMATE TRENDING 2024

KENVIN RENKO ULTIMATE TRENDING INDICATOR is Created by Trader KenvinHoang using Combination of : EMAs and MA Cross; KDJ; Stochastic and RSI

//This is an Indicator for private using to backtest and study only
//Scalping only and profitable in Trending Market.
//Disclamer: DO NOT USING INDICATOR IF YOU DONT' UNDERSTAND HOW TO USE - JUST ONLY FOR STUDYING.

HOW TO USE THE "KRUT-2024" ?

1. THE 2 TREND BANDS
I made 2 Trend bands to easily detect the status of market by using EMAs and color filled
*Trend1 band (the light green color): Show that Market's status in short-term is Downtrend
*Trend2 band (the blue color) : Show that Market's status in Long term is Uptrend.


So the Question is: What happend if we see that "2 Trend bands" are both in the same Blue and Green color?

Answer: It is telling us that the market is totally strong with a Uptrend or a Downtrend.

This help us easily detect the main trend of the market and follow the main trending direction in the Renko chart.

2. THE SIGNALS
*X CROSS: Tell us that there is a new trend coming and has just confirmed.


The green X signal says: "Arlert !!! Going to Buy Signals" = prepairing to follow the BUY SIGNALS
The red X signal says: "Arlert !!! Going to Sell Signals" = prepairing to follow the SELL SIGNALS

*FOLLOW SIGNALS: Only following trend signals become visible, it helps reduce risk and keep following the right trend of market at the moment or at the period of time frame look into.

FOLLOW BUY : BUY follow the uptrend
FOLLOW SELL : SELL follow the downtrend


Entry is made if have FOLLOW BUY/SELL signals visible in chart in real time and no re-paint.

*MAXIMUS: It means the price is increased so far and maximum soon, becareful.

3. THE 3 MAs
There are 3 MAs (White/RED/PINK) to re-confirmed that the main trend is corrected and show the direction of Price.

Can Turn ON/OFF to show the MA line in setting.

CODE SOURCE:

[KRUT-2024] KENVIN RENKO ULTIMATE TRENDING 2024 by KenvinZone on TradingView.com